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Harnessing Managed Services for a More Efficient and Secure Reconciliation Process

By July 16, 2020 No Comments
Harnessing Managed Services for a More Efficient and Secure Reconciliation Process

With ever-evolving changes in reporting and regulation requirements, clients, fund managers and counterparties need a reconciliation solution that provides them with a streamlined process for better security and control through the use of automation and 24/7 service.
Understandably, it is a critical decision for any business to choose to outsource their reconciliation processes or implement Reconciliation-as-a-Service. Clients fear security of their data, uncertainty that every account is being reconciled, additional cost and incomplete explanations for reconciliations.

In order to combat these concerns, a good managed services provider will provide you with the following benefits:

  • Streamline of all activities involved in the reconciliation process
  • Break management to quickly identify breaks, fix exceptions and improve match rates
  • Secure environment
  • Automated process
  • Prioritization of each business account by level of risk
  • Systematic evaluation and rectification of errors and glitches
  • Reduction of reconciliation cycle time
  • Ability to focus resources on core strategies and priorities like growing your business and servicing your customers
  • 24/7 global delivery model for overnight reconciliation
  • Cost efficiency
  • Standardization and efficiency in processes

Reconciliation-as-a-Service will increase your productivity and reduce the chances of error throughout your reconciliation process. To learn more about IVP Recon and Reconciliation-as-a-Service, please visit IVP RECON or contact sales@ivp.in.

 

 

 

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